- Real Estate extends its lead over other asset classes. This is the best start for REITs since 1991, which was a rebound yr. from the 1990 REIT bear market.
- In a reversal to last year’s trend – value is edging out growth, and smaller stocks are edging out large ones.
- Bulk of the move for commodities this year has been a snap-back in oil prices. Other commodities reflect a slowing global economy.
- Fed hints over the last month: Fed won’t finish running off their big balance sheet, and QE will become a permanent tool in the Fed’s toolkit.
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